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3232White House Says Biden Has ‘Confidence’ in Fed Chair Powell While Fedwatch Tool Predicts a 25bps Hike This Week
https://www.digit.info/white-house-says-biden-has-confidence-in-fed-chair-powell-while-fedwatch-tool-predicts-a-25bps-hike-this-week/
Tue, 21 Mar 2023 13:39:25 +0000https://www.digit.info/2023/03/21/white-house-says-biden-has-confidence-in-fed-chair-powell-while-fedwatch-tool-predicts-a-25bps-hike-this-week/Read more]]>With the Federal Open Market Committee convening on Wednesday and the recent financial troubles facing the U.S. banking system, White House press secretary Karine Jean-Pierre said President Joe Biden has “confidence” in Federal Reserve chair Jerome Powell. Meanwhile, according to the CME Group’s Fedwatch tool, the target rate probability suggests the Fed will raise the […]
]]>Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn’t Be Surprised if Stocks Fell 40%
https://www.digit.info/goldman-predicts-us-recession-odds-at-35-in-2-years-john-mauldin-wouldnt-be-surprised-if-stocks-fell-40/
Mon, 18 Apr 2022 16:00:44 +0000https://www.digit.info/2022/04/18/goldman-predicts-us-recession-odds-at-35-in-2-years-john-mauldin-wouldnt-be-surprised-if-stocks-fell-40/Read more]]>The American economy continues to look gloomy and signals pointing toward a looming recession continue to appear. In a note sent to clients this week, Goldman Sachs’ chief economist said the bank envisions the “odds of a recession as roughly 15% in the next 12 months and 35% within the next 24 months.” Furthermore, the […]